As the global economy labors under sky-high energy costs, those costs are bleeding through the entire economy triggering record-setting inflation. One sector being increasingly battered by the high energy prices is the commodities sector, and […]
According to Ofcom, an industry watchdog, almost 600,000 British households have cancelled Amazon Prime subscriptions due to a combination of inflation forcing them to tighten their belts, and a forthcoming price hike by the company. […]
Data from the Office for National Statistics (ONS) showed that in the UK consumer prices rose 10.1% in July year over year, beating the bank’s prediction of a 9.9% increase. This has traders in financial […]
t’s been a summer of love for both stocks and company bonds. But with fall nearing, equities are set to fade while bonds strengthen as central bank tightening and recession fears take hold once again. […]
German factories are struggling to cope with soaring energy costs, which may prompt many to leave the country for a cheaper location, Bloomberg has reported, citing industry sources. Energy inflation is the primary cause. “Energy inflation […]
A last-ditch attempt by Europe to revive the Iranian nuclear deal has stoked speculation that millions of barrels of oil are set to flood world markets. The return could be swift if Tehran’s previous comeback […]
Contrary to its title, the US Inflation Reduction Act will usher in more energy service inflation in the next 18 months as the incentives offered to manufacturers struggle to keep up with the increased demand triggered […]
As inflation slows down some, one place not seeing the relief is grocery prices. Food at home prices rose 1.3% from June to July, leading to a 13.1% rise compared to last year. According to […]
The Consumer Price Index was unchanged in July, due to a precipitous drop in the price of gasoline, in a small sign of hope the Federal Reserve may begin softening its highly aggressive policy position […]
(Bloomberg) — President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment. The tax and energy bill passed Sunday […]
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